It only shows that the company is losing more money than it makes, especially with new ventures that it aims to bring to the world, particularly with the metaverse's current development. The company was seeing a significant dent in its funds earlier this year, and present numbers also saw its CEO and founder following the same trend. Elon Musks mother, Maye Musk, says her son should 'fight with words only. It is a monumental loss for the company, marking 2022 as one of the poorest performing years in its almost 20 years in the business, despite the many sources of income present. Even Elon Musks mom is warning him against fighting Mark Zuckerberg in a cage match: Fight with words only. Meta previously reported that Facebook's revenue drop took place last July, and this is the first time that its social media platform has lost money since it was first released in 2004. Apple Zuckerberg says Meta and Apple are in ‘very deep, philosophical competition’ to build the metaverse / This is a competition of philosophies and ideas, Meta’s CEO recently told. It is a significant challenge and wake-up call to Meta and Mark Zuckerberg on their business now, especially as other factors also face the effects of these current events. John Kunz (Waterloo Records owner), Mark Proct (Fabulous Thunderbirds manager). Many Harvard experts believe that Mark Zuckerberg is already failing Meta due to his ambitions and projects, which focus more on losses instead of earnings. It would mark a fundamental shift in how the world viewed SXSW. Meta is not that sustainable for the company, according to many analysts and speculators who look closely at the company's ventures and many projects available. Many experts also believe that the metaverse development is costing Meta significantly, beginning on its previous shift last October 2021 to the digital world, something which the company has not yet delivered now. The New York Times The Shift The Metaverse Is Mark Zuckerberg’s Escape Hatch If his new strategy works a big if it could help address several of Facebook’s biggest problems. There are claims which point to Meta's metaverse as the thorn which pricks Zuck's money bag and causes him to lose billions in the process. Read Also: South Korea's Watchdog Fines Google and Meta $71.8 Million for Collecting User Information Without Their Consent Metaverse Focus is Costing Zuck The Meta CEO is known for previously surpassing the Waltons and Koch before. 1 day ago &0183 &32 On June 20, Tesla CEO Elon Musk posted on Twitter, saying he was 'up for a cage match' with Meta Platforms (META 1.35) founder and CEO Mark Zuckerberg. The Bloomberg Billionaires Index placed Zuckerberg at the 20th spot, below members of the Walton family and under two Koch family members. Mark Zuckerberg ’s social-media company has lost more than half a trillion dollars in market value since its August peak about half of that vaporized in a single day, the biggest drop ever.
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